Amazon wants to invest huge amount in food retail

Amazon is all set to make a huge splash into food retail. The E-commerce giants have expressed their interest in investing $ 515 million into the Indian food retail market and they have already sought approval from the Indian Government for the same.

India had lifted their restrictions on foreign investment last year and many companies have expressed their desire to invest.

Apart from Amazon, Grofers, and BigBasket have already made their moves in the market and are expected to splash some big money.